Word: third world
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Outrage about executive salaries is missing a couple of decimals in Europe. In September New York Stock Exchange boss Dick Grasso resigned amid a backlash over his $188 million deferred-compensation package. Around the same time, the chairman of the world's third largest food retailer, scandal-tainted Netherlands-based Royal Ahold (whose U.S. chains include Giant Food and Stop & Shop), stepped down following national outrage over his failure to inform investors of the two-year, $6.8 million contract he gave new CEO Anders Moberg. The French government pressured Pierre Bilger, the ex-CEO of engineering giant Alstom, into returning...
...countries' health-care systems. The Clinton Foundation has so far signed up four generic-drug companies and helped them cut production costs, reducing by one-third the price of AIDS -fighting drugs. The firms - three in India and one in South Africa - will still profit because of the high volume guaranteed by the Foundation, which is working with Mozambique, Rwanda, South Africa and Tanzania (which account for one-third of the world's AIDS cases), and more than a dozen countries in the Caribbean region. Clinton spoke with TIME Europe editor ERIC POOLEY...
With Radcliffe dependent on Harvard for resources, faculty and facilities, female students at the Quad were systematically short-shrifted. Until World War II, Radcliffe women were educated at Radcliffe Yard instead of Harvard Yard. Through the beginning of co-education, they received second or third-hand athletic equipment from Harvard male sports teams and were only offered inconvenient practice times...
...Zambian ambassador addressed students gathered for a “Famine Banquet” last night on the growing famine problem that plagues the Third World...
...album is a wall to penetrate," says Malian singer Rokia Traoré, immediately establishing herself as a marketing exec's nightmare. The wall called Bowmboï, Traoré's third CD, is built from sounds unfamiliar to Western ears and lyrics sung only in her native Bamana, even though she's also proficient in English, French, German and Italian. "I asked myself if it wouldn't be better to do something easier," she says. "Maybe if you do something a little pop, it's easier to promote. I had a choice. But I prefer this." Thank goodness. Bowmbo...